MUMBAI : Indian Banks Association on Saturday decided to write to Reserve Bank of India seeking clarity after lenders remain divided over the issue of giving moratorium to non-banking finance companies, according to two bankers aware of the matter.
The decision comes after the management committee of banks met to discuss this issue. State Bank of India has continued to maintain the stance that the bank is not too keen on giving moratorium to non-banking finance companies and would rather have them borrow under the Targeted loan term repo operations (TLTRO) window.
Other banks, however, feel that by lending under the TLTRO facility, they would be taking additional exposure to these NBFCs.